XML 33 R56.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Guarantors (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
May 02, 2014
Apr. 26, 2013
May 02, 2014
Apr. 26, 2013
Jan. 31, 2014
Oct. 25, 2013
Jan. 25, 2013
Oct. 26, 2012
Condensed Consolidating Statement of Income                
Net sales $ 929,730 $ 1,360,435 $ 1,769,042 $ 2,510,312        
Cost of sales 651,592 909,179 1,255,770 1,682,328        
Product development, selling and administrative expenses 154,534 172,953 307,563 330,234        
Other (income) expense, net (2,138) (330) (5,278) (2,035)        
Operating income 125,742 278,633 210,987 499,785        
Income from continuing operations before income taxes 111,894 263,448 183,319 469,447        
Provision (benefit) for income taxes 37,943 81,669 60,507 145,529        
Income from continuing operations 73,951 181,779 122,812 323,918        
Comprehensive income 103,186 169,969 105,589 315,336        
Current assets:                
Cash and cash equivalents 385,790 234,875 385,790 234,875        
Accounts receivable, net 917,502   917,502     1,083,663    
Inventories 1,128,891   1,128,891     1,139,744    
Other current assets 201,838   201,838     193,328    
Total current assets 2,634,021   2,634,021     2,822,444    
Property, plant and equipment, net 893,649   893,649     912,642    
Other assets:                
Other intangible assets, net 322,701   322,701     331,812    
Goodwill 1,492,689   1,492,689     1,480,519    
Deferred income taxes 39,746   39,746     41,532    
Other non-current assets 194,928   194,928     200,633    
Total other assets 2,050,064   2,050,064     2,054,496    
Total assets 5,577,734   5,577,734     5,789,582    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 58,089   58,089     58,669    
Trade accounts payable 335,319   335,319     388,119    
Employee compensation and benefits 111,713   111,713     130,555    
Advance payments and progress billings 403,518   403,518     399,768    
Accrued warranties 73,602 83,691 73,602 83,691 77,804 85,732 87,427 100,646
Other accrued liabilities 225,953   225,953     286,063    
Current liabilities of discontinued operations 11,684   11,684     11,684    
Total current liabilities 1,219,878   1,219,878     1,360,590    
Long-term obligations 1,231,572   1,231,572     1,256,927    
Other liabilities:                
Liabilities for postretirement benefits 19,944   19,944     20,723    
Accrued pension costs 139,196   139,196     149,805    
Other non-current liabilities 152,328   152,328     143,168    
Total other liabilities 311,468   311,468     313,696    
Shareholders’ equity 2,814,816   2,814,816     2,858,369    
Total liabilities and shareholders’ equity 5,577,734   5,577,734     5,789,582    
Operating Activities:                
Net cash provided by operating activities of continuing operations     206,675 93,275        
Net cash used by operating activities of discontinued operations     (115) (2,372)        
Net cash provided by operating activities     206,560 90,903        
Investing Activities:                
Property, plant and equipment acquired (17,649) (32,413) (44,304) (87,001)        
Proceeds from sale of property, plant and equipment     4,205 2,187        
Other investing activities, net     (66) (70)        
Net cash used by investing activities     (40,165) (84,884)        
Financing Activities:                
Common stock issued     6,581 5,227        
Excess tax (expense) benefit from share-based compensation awards     (432) 1,701        
Dividends paid     (35,374) (37,130)        
Repayments of term loan     (25,000) (25,000)        
Changes in short and other long-term obligations, net     (1,262) 22,216        
Treasury stock purchased     (129,504) 0        
Net cash used by financing activities     (184,991) (32,986)        
Effect of Exchange Rate Changes on Cash and Cash Equivalents     (1,323) (2,031)        
Decrease in Cash and Cash Equivalents     (19,919) (28,998)        
Cash and Cash Equivalents at Beginning of Period     405,709 263,873        
Cash and Cash Equivalents at End of Period 385,790 234,875 385,790 234,875        
Parent Company
               
Condensed Consolidating Statement of Income                
Net sales 0 0 0 0        
Cost of sales 0 0 0 0        
Product development, selling and administrative expenses 14,154 16,608 28,823 29,410        
Other (income) expense, net 0 0 (473) 0        
Operating income (14,154) (16,608) (28,350) (29,410)        
Intercompany items 15,503 26,889 32,781 58,009        
Interest (expense) income, net (15,836) (10,355) (31,881) (32,925)        
Income from continuing operations before income taxes (14,487) (74) (27,450) (4,326)        
Provision (benefit) for income taxes (4,878) (11,361) (9,932) (20,637)        
Equity in income of subsidiaries 83,560 170,492 140,330 307,607        
Income from continuing operations 73,951 181,779 122,812 323,918        
Comprehensive income 103,186 169,969 105,589 315,336        
Current assets:                
Cash and cash equivalents 111,157 169 111,157 169        
Accounts receivable, net 0   0     0    
Inventories 0   0     0    
Other current assets 70,414   70,414     68,792    
Total current assets 181,571   181,571     191,693    
Property, plant and equipment, net 18,623   18,623     18,081    
Other assets:                
Other intangible assets, net 0   0     0    
Goodwill 0   0     0    
Deferred income taxes (30,530)   (30,530)     (49,393)    
Other non-current assets 4,113,371   4,113,371     4,168,916    
Total other assets 4,082,841   4,082,841     4,119,523    
Total assets 4,283,035   4,283,035     4,329,297    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 50,000   50,000     50,000    
Trade accounts payable 967   967     2,565    
Employee compensation and benefits 8,857   8,857     10,080    
Advance payments and progress billings 0   0     0    
Accrued warranties 0   0     0    
Other accrued liabilities 43,548   43,548     24,545    
Current liabilities of discontinued operations 0   0     0    
Total current liabilities 103,372   103,372     87,190    
Long-term obligations 1,231,556   1,231,556     1,256,164    
Other liabilities:                
Liabilities for postretirement benefits 19,091   19,091     19,881    
Accrued pension costs 126,575   126,575     136,886    
Other non-current liabilities (12,375)   (12,375)     (29,193)    
Total other liabilities 133,291   133,291     127,574    
Shareholders’ equity 2,814,816   2,814,816     2,858,369    
Total liabilities and shareholders’ equity 4,283,035   4,283,035     4,329,297    
Operating Activities:                
Net cash provided by operating activities of continuing operations     174,009 26,790        
Net cash used by operating activities of discontinued operations     0 0        
Net cash provided by operating activities     174,009 26,790        
Investing Activities:                
Property, plant and equipment acquired     (1,958) (2,808)        
Proceeds from sale of property, plant and equipment     0 0        
Other investing activities, net     (66) (70)        
Net cash used by investing activities     (2,024) (2,878)        
Financing Activities:                
Common stock issued     6,581 5,227        
Excess tax (expense) benefit from share-based compensation awards     (432) 1,701        
Dividends paid     (35,374) (37,130)        
Repayments of term loan     (25,000) (25,000)        
Changes in short and other long-term obligations, net     0 28,000        
Treasury stock purchased     (129,504)          
Net cash used by financing activities     (183,729) (27,202)        
Effect of Exchange Rate Changes on Cash and Cash Equivalents     0 0        
Decrease in Cash and Cash Equivalents     (11,744) (3,290)        
Cash and Cash Equivalents at Beginning of Period     122,901 3,459        
Cash and Cash Equivalents at End of Period 111,157 169 111,157 169        
Subsidiary Guarantors
               
Condensed Consolidating Statement of Income                
Net sales 500,309 816,797 980,981 1,417,753        
Cost of sales 370,922 578,803 733,989 989,446        
Product development, selling and administrative expenses 66,670 79,826 134,505 153,943        
Other (income) expense, net 4,203 6,785 6,152 15,961        
Operating income 58,514 151,383 106,335 258,403        
Intercompany items (25,742) (23,967) (45,728) (43,815)        
Interest (expense) income, net 1,711 477 3,596 574        
Income from continuing operations before income taxes 34,483 127,893 64,203 215,162        
Provision (benefit) for income taxes 29,852 66,819 56,220 123,865        
Equity in income of subsidiaries 47,954 106,652 80,967 196,610        
Income from continuing operations 52,585 167,726 88,950 287,907        
Comprehensive income 52,820 165,839 87,650 284,297        
Current assets:                
Cash and cash equivalents 9,456 3,725 9,456 3,725        
Accounts receivable, net 367,991   367,991     410,928    
Inventories 474,587   474,587     456,345    
Other current assets 8,767   8,767     16,957    
Total current assets 860,801   860,801     904,591    
Property, plant and equipment, net 360,075   360,075     375,026    
Other assets:                
Other intangible assets, net 238,623   238,623     247,200    
Goodwill 453,375   453,375     454,199    
Deferred income taxes 0   0     0    
Other non-current assets 1,925,690   1,925,690     2,065,239    
Total other assets 2,617,688   2,617,688     2,766,638    
Total assets 3,838,564   3,838,564     4,046,255    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 0   0     449    
Trade accounts payable 176,382   176,382     165,691    
Employee compensation and benefits 53,288   53,288     52,260    
Advance payments and progress billings 137,598   137,598     144,853    
Accrued warranties 24,339   24,339     30,111    
Other accrued liabilities 48,943   48,943     54,285    
Current liabilities of discontinued operations 11,684   11,684     11,684    
Total current liabilities 452,234   452,234     459,333    
Long-term obligations 0   0     763    
Other liabilities:                
Liabilities for postretirement benefits 853   853     842    
Accrued pension costs 5,361   5,361     5,685    
Other non-current liabilities 8,084   8,084     7,851    
Total other liabilities 14,298   14,298     14,378    
Shareholders’ equity 3,372,032   3,372,032     3,571,781    
Total liabilities and shareholders’ equity 3,838,564   3,838,564     4,046,255    
Operating Activities:                
Net cash provided by operating activities of continuing operations     56 20,072        
Net cash used by operating activities of discontinued operations     (115) (2,372)        
Net cash provided by operating activities     (59) 17,700        
Investing Activities:                
Property, plant and equipment acquired     (12,344) (21,815)        
Proceeds from sale of property, plant and equipment     2,710 1,421        
Other investing activities, net     0 0        
Net cash used by investing activities     (9,634) (20,394)        
Financing Activities:                
Common stock issued     0 0        
Excess tax (expense) benefit from share-based compensation awards     0 0        
Dividends paid     0 0        
Repayments of term loan     0 0        
Changes in short and other long-term obligations, net     (1,212) (209)        
Treasury stock purchased     0          
Net cash used by financing activities     (1,212) (209)        
Effect of Exchange Rate Changes on Cash and Cash Equivalents     0 0        
Decrease in Cash and Cash Equivalents     (10,905) (2,903)        
Cash and Cash Equivalents at Beginning of Period     20,361 6,628        
Cash and Cash Equivalents at End of Period 9,456 3,725 9,456 3,725        
Non-Guarantor Subsidiaries
               
Condensed Consolidating Statement of Income                
Net sales 630,602 898,483 1,233,367 1,776,004        
Cost of sales 443,475 622,410 889,314 1,243,530        
Product development, selling and administrative expenses 73,710 76,519 144,235 146,881        
Other (income) expense, net (6,341) (7,115) (10,957) (17,996)        
Operating income 119,758 206,669 210,775 403,589        
Intercompany items (2,934) (26,876) (12,005) (62,533)        
Interest (expense) income, net 277 (5,307) 617 2,013        
Income from continuing operations before income taxes 117,101 174,486 199,387 343,069        
Provision (benefit) for income taxes 12,948 26,211 14,198 42,301        
Equity in income of subsidiaries 0 0 0 0        
Income from continuing operations 104,153 148,275 185,189 300,768        
Comprehensive income 128,297 134,239 161,629 283,239        
Current assets:                
Cash and cash equivalents 265,177 230,981 265,177 230,981        
Accounts receivable, net 565,940   565,940     679,183    
Inventories 761,425   761,425     813,182    
Other current assets 122,642   122,642     107,564    
Total current assets 1,715,184   1,715,184     1,862,376    
Property, plant and equipment, net 514,951   514,951     519,535    
Other assets:                
Other intangible assets, net 84,078   84,078     84,612    
Goodwill 1,039,314   1,039,314     1,026,320    
Deferred income taxes 70,276   70,276     90,925    
Other non-current assets 2,681,037   2,681,037     3,968,205    
Total other assets 3,874,705   3,874,705     5,170,062    
Total assets 6,104,840   6,104,840     7,551,973    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 8,089   8,089     8,220    
Trade accounts payable 157,970   157,970     219,863    
Employee compensation and benefits 49,568   49,568     68,215    
Advance payments and progress billings 285,484   285,484     269,628    
Accrued warranties 49,263   49,263     55,621    
Other accrued liabilities 140,852   140,852     211,074    
Current liabilities of discontinued operations 0   0     0    
Total current liabilities 691,226   691,226     832,621    
Long-term obligations 16   16     0    
Other liabilities:                
Liabilities for postretirement benefits 0   0     0    
Accrued pension costs 7,260   7,260     7,234    
Other non-current liabilities 156,619   156,619     164,510    
Total other liabilities 163,879   163,879     171,744    
Shareholders’ equity 5,249,719   5,249,719     6,547,608    
Total liabilities and shareholders’ equity 6,104,840   6,104,840     7,551,973    
Operating Activities:                
Net cash provided by operating activities of continuing operations     32,610 46,413        
Net cash used by operating activities of discontinued operations     0 0        
Net cash provided by operating activities     32,610 46,413        
Investing Activities:                
Property, plant and equipment acquired     (30,002) (62,378)        
Proceeds from sale of property, plant and equipment     1,495 766        
Other investing activities, net     0 0        
Net cash used by investing activities     (28,507) (61,612)        
Financing Activities:                
Common stock issued     0 0        
Excess tax (expense) benefit from share-based compensation awards     0 0        
Dividends paid     0 0        
Repayments of term loan     0 0        
Changes in short and other long-term obligations, net     (50) (5,575)        
Treasury stock purchased     0          
Net cash used by financing activities     (50) (5,575)        
Effect of Exchange Rate Changes on Cash and Cash Equivalents     (1,323) (2,031)        
Decrease in Cash and Cash Equivalents     2,730 (22,805)        
Cash and Cash Equivalents at Beginning of Period     262,447 253,786        
Cash and Cash Equivalents at End of Period 265,177 230,981 265,177 230,981        
Eliminations
               
Condensed Consolidating Statement of Income                
Net sales (201,181) (354,845) (445,306) (683,445)        
Cost of sales (162,805) (292,034) (367,533) (550,648)        
Product development, selling and administrative expenses 0 0 0 0        
Other (income) expense, net 0 0 0 0        
Operating income (38,376) (62,811) (77,773) (132,797)        
Intercompany items 13,173 23,954 24,952 48,339        
Interest (expense) income, net 0 0 0 0        
Income from continuing operations before income taxes (25,203) (38,857) (52,821) (84,458)        
Provision (benefit) for income taxes 21 0 21 0        
Equity in income of subsidiaries (131,514) (277,144) (221,297) (504,217)        
Income from continuing operations (156,738) (316,001) (274,139) (588,675)        
Comprehensive income (181,117) (300,078) (249,279) (567,536)        
Current assets:                
Cash and cash equivalents 0   0          
Accounts receivable, net (16,429)   (16,429)     (6,448)    
Inventories (107,121)   (107,121)     (129,783)    
Other current assets 15   15     15    
Total current assets (123,535)   (123,535)     (136,216)    
Property, plant and equipment, net 0   0     0    
Other assets:                
Other intangible assets, net 0   0     0    
Goodwill 0   0     0    
Deferred income taxes 0   0     0    
Other non-current assets (8,525,170)   (8,525,170)     (10,001,727)    
Total other assets (8,525,170)   (8,525,170)     (10,001,727)    
Total assets (8,648,705)   (8,648,705)     (10,137,943)    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 0   0     0    
Trade accounts payable 0   0     0    
Employee compensation and benefits 0   0     0    
Advance payments and progress billings (19,564)   (19,564)     (14,713)    
Accrued warranties 0   0     0    
Other accrued liabilities (7,390)   (7,390)     (3,841)    
Current liabilities of discontinued operations 0   0     0    
Total current liabilities (26,954)   (26,954)     (18,554)    
Long-term obligations 0   0     0    
Other liabilities:                
Liabilities for postretirement benefits 0   0     0    
Accrued pension costs 0   0     0    
Other non-current liabilities 0   0     0    
Total other liabilities 0   0     0    
Shareholders’ equity (8,621,751)   (8,621,751)     (10,119,389)    
Total liabilities and shareholders’ equity (8,648,705)   (8,648,705)     (10,137,943)    
Financing Activities:                
Cash and Cash Equivalents at Beginning of Period     0          
Cash and Cash Equivalents at End of Period 0   0          
Consolidated
               
Condensed Consolidating Statement of Income                
Net sales 929,730 1,360,435 1,769,042 2,510,312        
Cost of sales 651,592 909,179 1,255,770 1,682,328        
Product development, selling and administrative expenses 154,534 172,953 307,563 330,234        
Other (income) expense, net (2,138) (330) (5,278) (2,035)        
Operating income 125,742 278,633 210,987 499,785        
Intercompany items 0 0 0 0        
Interest (expense) income, net (13,848) (15,185) (27,668) (30,338)        
Income from continuing operations before income taxes 111,894 263,448 183,319 469,447        
Provision (benefit) for income taxes 37,943 81,669 60,507 145,529        
Equity in income of subsidiaries 0 0 0 0        
Income from continuing operations 73,951 181,779 122,812 323,918        
Comprehensive income 103,186 169,969 105,589 315,336        
Current assets:                
Cash and cash equivalents 385,790 234,875 385,790 234,875        
Accounts receivable, net 917,502   917,502     1,083,663    
Inventories 1,128,891   1,128,891     1,139,744    
Other current assets 201,838   201,838     193,328    
Total current assets 2,634,021   2,634,021     2,822,444    
Property, plant and equipment, net 893,649   893,649     912,642    
Other assets:                
Other intangible assets, net 322,701   322,701     331,812    
Goodwill 1,492,689   1,492,689     1,480,519    
Deferred income taxes 39,746   39,746     41,532    
Other non-current assets 194,928   194,928     200,633    
Total other assets 2,050,064   2,050,064     2,054,496    
Total assets 5,577,734   5,577,734     5,789,582    
Current liabilities:                
Short-term notes payable, including current portion of long-term obligations 58,089   58,089     58,669    
Trade accounts payable 335,319   335,319     388,119    
Employee compensation and benefits 111,713   111,713     130,555    
Advance payments and progress billings 403,518   403,518     399,768    
Accrued warranties 73,602   73,602     85,732    
Other accrued liabilities 225,953   225,953     286,063    
Current liabilities of discontinued operations 11,684   11,684     11,684    
Total current liabilities 1,219,878   1,219,878     1,360,590    
Long-term obligations 1,231,572   1,231,572     1,256,927    
Other liabilities:                
Liabilities for postretirement benefits 19,944   19,944     20,723    
Accrued pension costs 139,196   139,196     149,805    
Other non-current liabilities 152,328   152,328     143,168    
Total other liabilities 311,468   311,468     313,696    
Shareholders’ equity 2,814,816   2,814,816     2,858,369    
Total liabilities and shareholders’ equity 5,577,734   5,577,734     5,789,582    
Operating Activities:                
Net cash provided by operating activities of continuing operations     206,675 93,275        
Net cash used by operating activities of discontinued operations     (115) (2,372)        
Net cash provided by operating activities     206,560 90,903        
Investing Activities:                
Property, plant and equipment acquired     (44,304) (87,001)        
Proceeds from sale of property, plant and equipment     4,205 2,187        
Other investing activities, net     (66) (70)        
Net cash used by investing activities     (40,165) (84,884)        
Financing Activities:                
Common stock issued     6,581 5,227        
Excess tax (expense) benefit from share-based compensation awards     (432) 1,701        
Dividends paid     (35,374) (37,130)        
Repayments of term loan     (25,000) (25,000)        
Changes in short and other long-term obligations, net     (1,262) 22,216        
Treasury stock purchased     (129,504)          
Net cash used by financing activities     (184,991) (32,986)        
Effect of Exchange Rate Changes on Cash and Cash Equivalents     (1,323) (2,031)        
Decrease in Cash and Cash Equivalents     (19,919) (28,998)        
Cash and Cash Equivalents at Beginning of Period     405,709 263,873        
Cash and Cash Equivalents at End of Period $ 385,790 $ 234,875 $ 385,790 $ 234,875